SYS-CON MEDIA Authors: Liz McMillan, Yeshim Deniz, Doug Masi, Mat Mathews, PR.com Newswire

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VersaCheck Announces: FTC Implements New Regulations on Check Payment Software - VersaCheck.com Offers Free FTC Compliant Replacements of Any Currently Non-Compliant Intuit, G7, Checksoft and Other Software

VersaCheck.com announces the Free Replacement of VersaCheck® 2012 and earlier check creation software (published by G7 Productivity Systems) and any financial software by other vendors such as Intuit Quicken®, QuickBooks® and Checksoft™, which do not meet the FTC mandated safeguards for check printing applications. VersaCheck.com is offering a free replacement of the existing non-compliant product with an equivalent FTC compliant version of VersaCheck X1. QuickBooks, Quicken and Checksoft users can take advantage of the same offer and receive a version of VersaCheck X1 which most closely replicates the features they use from the non-compliant financial software. This campaign will expire April 15, 2014. For details visit: http://www.Versacheck.com/recall-and-replace

Background:

The US District Court of the Southern District (Case No. 06-CV-1952 JLS (JMA)), on request of the Federal Trade Commission (FTC), demands that involvement in the creation of checks for consumers and businesses by third parties and/or their products and services require adoption of certain FTC specified safeguards in order to avoid consumer harm. The FTC safeguards provide that users who want to create their own checks with check creation software supplied by third party publishers must validate the associated bank accounts and verify identity before checks drawn on the users’ bank accounts can be printed using the software. The applicable software publisher is required to affirmatively verify account control and identity of users before granting check creation permission using its software. In its latest ruling regarding this FTC matter, the District Court is urging enhanced recall efforts associated with non-FTC-compliant check creation software. Responding to this call, VersaCheck.com is offering users of Intuit QuickBooks, Quicken, Checksoft and G7 VersaCheck 2012 and earlier, a Free replacement software which provides DNA Secure™ check printing capabilities (Details at: https://www.gvalidate.com/web/DNACheckFeatures.aspx) and meets the FTC mandated safeguards. Users of the applicable software products are invited to visit http://www.Versacheck.com/recall-and-replace to receive the free upgrades and replacement of non-compliant check creation software.

The following products are subject to Free replacement with VersaCheck X1 Silver, Gold and Platinum at http://www.Versacheck.com/recall-and-replace

A. VersaCheck 2012 and earlier – All Versions
B. Quicken and QuickBooks – All Versions
C. Any other financial software with a check creation feature not requiring bank account validation and identity verification as mandated by the Court’s Order.

Users of the above software titles are entitled to Free VersaCheck X1 based on DNA Secure™ check technology. VersaCheck X1 Silver, Gold and Platinum software safeguards users from check fraud, provides real-time electronic transaction alerts and free online check verification. To visually differentiate DNA Secure™ checks and alert check recipients of available security measures online, VersaCheck X1 displays non-erasable contact information and instructions on each DNA Secure™ check to enable online verification of account validation status, assist in dispute enforcement and prevent unauthorized check payments and losses. The new system makes payments by checks safe and helps safeguard consumers and businesses from damage caused by unauthorized check creation or delivery.

About VersaCheck.com:

VersaCheck.com is a leading marketer of productivity software and supplies for home and business users. The company’s solutions are available at VersaCheck.com and through over 4,000 retail outlets in North America. VersaCheck solutions strive to make financial transactions safe while lowering cost and risks vs. credit card, debit card and unsecure checks.

All product and company names herein are trademarks of their registered owners.

VersaCheck.com
[email protected]
565 Pier Ave #90465
Hermosa Beach, CA 90254

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